DJE Kapital AG Purchases 189,047 Shares of Fastenal Company $FAST

DJE Kapital AG lifted its position in Fastenal Company (NASDAQ:FAST) by 90.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,494 shares of the company’s stock after purchasing an additional 189,047 shares during the quarter. DJE Kapital AG’s holdings in Fastenal were worth $16,783,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. 1248 Management LLC bought a new position in shares of Fastenal during the 1st quarter worth about $36,000. Riverview Trust Co lifted its stake in Fastenal by 100.0% during the second quarter. Riverview Trust Co now owns 584 shares of the company’s stock worth $25,000 after purchasing an additional 292 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Fastenal during the first quarter valued at approximately $49,000. Private Wealth Management Group LLC boosted its holdings in Fastenal by 111.9% during the second quarter. Private Wealth Management Group LLC now owns 642 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Fastenal in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 81.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Northcoast Research assumed coverage on Fastenal in a research report on Thursday, August 21st. They set a “neutral” rating for the company. JPMorgan Chase & Co. lifted their price objective on Fastenal from $41.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, September 4th. Robert W. Baird reduced their target price on shares of Fastenal from $53.00 to $49.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fastenal in a research report on Wednesday, October 8th. Finally, Loop Capital reissued a “hold” rating on shares of Fastenal in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.50.

Insider Activity at Fastenal

In other news, EVP William Joseph Drazkowski sold 6,842 shares of Fastenal stock in a transaction on Friday, August 15th. The stock was sold at an average price of $48.67, for a total value of $333,000.14. Following the completion of the sale, the executive vice president directly owned 11,994 shares of the company’s stock, valued at approximately $583,747.98. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hsenghung Sam Hsu purchased 1,000 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were purchased at an average cost of $42.45 per share, for a total transaction of $42,450.00. Following the purchase, the director directly owned 9,000 shares of the company’s stock, valued at $382,050. This trade represents a 12.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.37% of the company’s stock.

Fastenal Price Performance

Shares of FAST stock opened at $40.85 on Friday. The stock’s fifty day moving average is $45.57 and its 200-day moving average is $44.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.19 and a current ratio of 4.26. Fastenal Company has a 52 week low of $35.31 and a 52 week high of $50.63. The stock has a market capitalization of $46.90 billion, a PE ratio of 38.18, a PEG ratio of 3.75 and a beta of 0.92.

Fastenal (NASDAQ:FAST) last issued its quarterly earnings results on Monday, October 13th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.13 billion. Fastenal had a return on equity of 32.69% and a net margin of 15.34%.The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Equities research analysts expect that Fastenal Company will post 2.15 EPS for the current fiscal year.

Fastenal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Tuesday, October 28th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, October 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.2%. Fastenal’s dividend payout ratio (DPR) is currently 82.24%.

Fastenal Company Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company’s fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.